Examples of social and cultural entrepreneurship
- Katie Raynard is a student in MSU and awarded because of her creative entrepreneurship. Katie used her own skills to contact some other students to design a fashion show by themselves. They did everything using their own ability to create their best fashion show. This is a kind of cultural entrepreneurship. (Theresa Winge, 2015)
- From Florence Nightingale to Muhammad Yunus, their paths are always imaginative and inspirational. Yunus, recipient of the 2006 Nobel Peace Prize, began offering microloans the impoverished in Bangladesh in 1976, empowering them to become economically self-sufficient. He proved a microcredit model that has been replicated around the world. From this example, Yunus is a social entrepreneur and finally reached its creative self-sufficient purpose at last. (Skoll World Forum)
- Although many people claims that social and cultural entrepreneurship are different, one event can show both of them. Vitanna.org, for example, has created a college loan lending system through online giving for students in the developing world. The nonprofit is proving that there is a market for other institutional lenders, and is increasing hope and supercharging educational expectations among people in these communities. The former is more of a market innovation; the latter is an affirmation of people’s potential. (Courtney E. Martin & Lisa Witter, 2011)
(The words above are paraphrased.)
Fashion Show